Articles tagged under: CME Group
Ricci Joins CME Group Leadership
Published June 4, 2024
The CME Group has named John Ricci as its managing director and global head of agricultural products. Ricci will be responsible for leading the development, execution and management of the exchange’s agricultural business. Ricci has 25 years of experience in…Optimism for the Future
Published July 7, 2023
Farmer sentiment rebounded this past month after a sharp fall in the CME Group and Purdue University Ag Economy Barometer in May. In May, 44 percent of the farmers surveyed expected their farm’s financial situation to decline in upcoming year.…CME Group Expands Wheat Trading Limits
Published March 5, 2022
Starting Monday, the CME Group is expanding trading limits for wheat contracts. This includes Chicago wheat and Kansas City winter wheat. The daily price limit will change the daily price limit to 85 cents per bushel and the expanded price…CME Group in Court With Former Traders
Published December 13, 2021
A legal battle between the CME Group and thousands of traders is continuing. This lawsuit claims the move to the electronic trading platform in 2012 negatively impacted the value of CME membership. The CME Group unsuccessfully tried to have the…Rising Input Costs Concerns Show in Farmer Survey
Published October 6, 2021
The September Purdue University/CME Group Ag Economy Barometer continues to show a decline in farmer sentiment, with producers feeling less optimistic about current and future economic conditions. Part of that decline is due to rising input costs. "This month, more…Floor Trading Will Not Resume in Chicago
Published May 5, 2021
The CME Group is permanently closing most of its open outcry trading pits in Chicago. Due to the pandemic, most trading pits closed on a temporary basis in March of 2020 and won’t reopen.Boxed Beef Index Hopes to Provide Better Price Discovery
Published March 16, 2021
The CME Group is now publishing a new Boxed Beef Index to provide the industry with better price discovery. CME Group managing director Tim Andriesen says the index reflects a daily, weighted average price of beef cuts and is based…CME Group to Boost Spec Trading Limits
Published March 11, 2021
The CME Group is expanding speculative position limits. Van Ahn and Company CEO Jim Emter is concerned with the increase in volatility that will go with the increase in positions held by traders. "We're concerned this will bring greater transparency…April Ag Economy Barometer Highlights Low Producer Sentiment
Published May 6, 2020
Producer sentiment dropped to a three-year low in the latest Purdue University - CME Group Ag Economy Barometer. For April, the barometer reads 96. That's the first time the barometer has fallen below 100 since October 2016. According to Purdue…